Goldman Sachs Group Inc. Acquires 10,780 Shares of Columbus McKinnon Corporation $CMCO

Goldman Sachs Group Inc. raised its position in Columbus McKinnon Corporation (NASDAQ:CMCO) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,847 shares of the industrial products company’s stock after acquiring an additional 10,780 shares during the period. Goldman Sachs Group Inc. owned approximately 0.77% of Columbus McKinnon worth $3,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Columbus McKinnon by 946.0% in the first quarter. Hsbc Holdings PLC now owns 56,758 shares of the industrial products company’s stock worth $942,000 after buying an additional 51,332 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Columbus McKinnon by 37.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company’s stock worth $16,513,000 after purchasing an additional 266,020 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Columbus McKinnon during the first quarter worth $654,000. Walleye Capital LLC purchased a new position in shares of Columbus McKinnon during the first quarter worth $3,167,000. Finally, Jump Financial LLC raised its holdings in shares of Columbus McKinnon by 1,087.2% during the first quarter. Jump Financial LLC now owns 88,185 shares of the industrial products company’s stock worth $1,493,000 after purchasing an additional 80,757 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Trading Up 5.7%

Shares of Columbus McKinnon stock opened at $15.66 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.85 and a quick ratio of 1.01. The firm has a fifty day moving average price of $14.93 and a 200 day moving average price of $15.51. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The stock has a market cap of $449.91 million, a PE ratio of -29.00 and a beta of 1.28.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. The firm had revenue of $235.92 million during the quarter, compared to analysts’ expectations of $230.88 million. Equities research analysts predict that Columbus McKinnon Corporation will post 2.69 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Columbus McKinnon’s dividend payout ratio (DPR) is -51.85%.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.